TORONTO,
Sept. 18, 2013 /CNW/ - Wheels
Group Inc. ("Wheels or the "Company") (TSXV: WGI), a leading
North American non-asset third party logistics (3PL) provider, has
acquired BBL Worldwide ("BBL"), a non-asset 3PL company providing
specialized cross border truck brokerage services.
Founded in 1999, BBL is headquartered in Etobicoke, Ontario and has annual revenues of
approximately $4 million. With this
acquisition, Wheels adds additional cross border lanes while
expanding its sales organization and customer relationships. BBL
customers will benefit from Wheels' broad suite of services which
includes both highway and rail solutions. Effective immediately,
BBL will begin doing business as Wheels.
"This tuck-in acquisition is consistent with our strategy of
acquiring small to medium sized highway brokerages that can be
quickly integrated into Wheels' existing operations while expanding
our customer base and sales capabilities," said Doug Tozer, Chief Executive Officer of Wheels.
Mr. Tozer added, "we will continue providing the exceptional level
of service BBL customers expect while leveraging Wheels' full range
of transportation solutions to expand these relationships."
About Wheels
Founded in 1988, Wheels is a leading North American 3PL, supply
chain logistics provider. As a non-asset provider, the Company
develops advanced supply chain solutions delivered through its
qualified partner network of over 6,000 truck, rail, air and ocean
carriers. Wheels serves consumer goods, food and beverage,
manufacturing and retail clients through 26 offices throughout the
US and Canada. Wheels has been
named one of Canada's 50 Best
Managed Companies since 1997, Platinum since 2003. Wheels has been
named one of North America's Top
100 Third-Party Logistics ("3PL") Companies, one of the Top 100
Food 3PL's and one of the Top Five IMC's (intermodal marketing
companies).
Neither the TSX Venture Exchange, nor its Regulation Services
Provider accepts responsibility for the adequacy or accuracy of
this release.
SOURCE Wheels Group Inc.